Gulf Oil and Gas accountACCOUNT

$14b Set for Petrochemical Projects of SP Phase 2

Source: tehrantimes 5/8/2006, Location: Asia

Share |
Over $14 billion has been set aside for petrochemical sector of the South Pars phase 2, Mehdi Saqafi, an official in the National Petrochemical Company (NPC) told MNA on Monday. The petrochemical projects of SP phase 2 should become operational within the next five years, the deputy for petrochemical projects at NPC added.

Elaborating on these projects, he stated that the engineering operations of projects of Mehr, Kavian, Lavan, and Mobin 2 have been launched plus start of the construction operation of some other ones. Moreover, the ammoniac and urea, methanol, and aromatic 4 projects would be commissioned in the near future, Saqafi noted.

Compared with the phase 1, more petrochemical projects are being implemented in phase 2, as this phase would be turned into a petrochemical hub.

Financials and Investment News in Iran >>

Iraq >>  1/17/2018 - Genel Energy plc announces that the Taq Taq partners have received a gross payment of $10.10 million from the Kurdistan Regional Government for oil sa...
Norway >>  1/17/2018 - On 16 January 2018, the Norwegian Ministry of Petroleum and Energy (the "MPE") announced the awards of new production licenses through the Awards in P...

Austria >>  1/16/2018 - Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday (16 Jan 2018), a level not seen since 2014’s dramatic oil market slump....
Norway >>  1/11/2018 - Reference is made to the announcement on December 15, 2017. Aker Solutions has successfully completed a NOK 1,500 million senior unsecured bond issue ...

Egypt >>  1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dolla...
United Kingdom >>  1/8/2018 - Nostra Terra, the oil and gas exploration company with a portfolio of assets in the USA and Egypt, is pleased to announce that it has received approva...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Iran >>

More News

 

Oil & Gas Companies in Iran >>


Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.